Volkswagen

Volkswagen to invest $7 billion in North America in 5 years

Luxury car manufacturer Volkswagen AG has announced its decision to invest $7 billion in North America over a period of next five years, a move that basically aims at boosting the company's growth in the region.

Martin Winterkorn, chief executive officer of Volkswagen, announced that the company intended to use the money to set up a new manufacturing facility in the region. However, a location for the new facility has yet to be selected.

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Volkswagen’s Chinese arm to recall cars over gearbox complaints

Volkswagen China, the Chinese arm of carmaker Volkswagen AG, has announced its decision to recall an unspecified number of cars to fix potential issues with the vehicles’ direct-shift gearbox systems.

The announcement of the recall was made after it received a notification from China’s quality watchdog, which reportedly found substandard direct-shift gearbox systems in the vehicles.

The substandard gearbox systems can cause unintentional acceleration, which can cause accident.

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VW unveils images of its 2013 Golf hatchback

Towards the conclusion of the 2012 Paris Motor Show, German automaker Volkswagen (VW) unveiled the first images of its seventh-generation Golf hatchback --- a re-engineered model boasting a evolutionary appearance, thanks to the new MQB - modularen querbau, or modular transverse - platform on which it is based.

The new 2013 Golf - scheduled to hit the European markets in November, and the US markets in about a year from now - has notably sharp looks, premium interiors, economical new gasoline and diesel powertrains, as well as top-of-the-class safety features of its mainstay hatchback.

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New Jetta to cost lesser

A changed price list of new Jetta has been announced by the automaker Volkswagen. The Tsi petrol car with 1.4 liter engine is now going to cost the customers starting from £16,960. At this price it is lesser than VW Golf.

The other option present for the car buyers will be that Vetta will be available in both diesel and petrol. Capacity of diesel is going to be TDI engine (104bhp 1.4-litre or 138bhp 2.0-litre), while for that in case of petrol it would be (1.4- litre TSI with 120bhp or 158bhp).

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Volkswagen Launches New Economical Model

This Tuesday, Volkswagen AG has launched a new car called Volkswagen Jetta. The new car is larger and economical than the earlier model.

The new economical model has been launched in the wake of tough competition from Asian Companies.

The car was launched at Times Square in New York. Live billboards were a part of the occasion which also featured singer Katy Perry as she sang her hit numbers, including “I Kissed a Girl” and ‘California Gurls’.

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